Stock market climbs after currency realignment shock
New York stocks rose on news of the weekend currency realignment with the Dow up 13.09 to 886.89 as 8.87 million shares traded in the first hour on the NYSE. International exchange rates shifted, with Britain, France, Germany and Japan posting sizable devaluations versus the dollar, while markets anticipated further adjustments and global trade implications.
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New York
New York Stock Exchange
Nixon
Washington
London
U.S
Britain
Germany
Japan
United States
France
West Germany
Takeo Fukuda
Heath to press Nixon on shared relief for East Pakistan
AP reports from Hamilton that Prime Minister Edward Heath will urge President Nixon during a two day meeting to join a multimillion dollar international relief program for war stricken East Pakistan. Britain and allies expected to participate to reduce Soviet influence and expand aid.
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Hamilton
Bermuda
Edward Heath
Nixon
East Pakistan
France
West Germany
Light of the Incarnation series opens Christmas issue
The Evening Times begins a five article Christmas series by George W. Cornell on the birth of Jesus and its global impact. The Religion Writer outlines themes from Ways of Revelation to The Troubling Trinity, with Cornell noted for past yearly religion features and several books.
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Jesus
Israel
George W. Cornell
Associated Press
Trinit
Cornell
Christ
Morrow
Association Press
Odyssey
North Vietnam Downs Four US Phantoms Near Laos Border
The U S Command reported four American F4 Phantoms shot down by North Vietnamese antiaircraft fire along the Laos border, the biggest air war loss in over three years. Two of eight crewmen were rescued. six remained missing as search efforts battled rain and winds. The incident followed North Vietnamese advances on Muong Suoi and Laotian positions on the Plain of Jars, with U S air strikes stepped up to avert a rout.
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Saigon
Laos
U.S
North Vietnam
Demilitarized Zone
Plain of Jars
Muong Suoi
Global monetary revamp targets jobs and trade shifts
A new G Ten monetary realignment raises gold to 38 dollars an ounce, boosting US exports while making imports pricier. Officials forecast 0.5 to 0.75 million new jobs as production grows, with limited impact on consumer costs except for travel, cars, and electronics.
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United States
U.S
Donald Rumsfeld
Cost of Living Council
Wisconsin highway deaths rise to 1084 this year
Weekend accidents added 11 fatalities raising Wisconsin's 1971 highway death toll to 1,084, as winter driving improves on main roads but slick patches persist north. Prentice 10 year old Scott Enders fatally injured in a snowmobile crash. fire in Milwaukee area kills a boy, causing $50,000 damage. Mayor Lindsay weighs Wisconsin primary importance. Bald eagle nesting fundraiser raises $2,000 near Cassville. Ernest Betts resigns as treasury assistant secretary.
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Wisconsin
Yahya resigns as Pakistan president. Bhutto takes over
President Yahya Khan resigns ending 13 years of military rule as Zulfikar Ali Bhutto is sworn in as president and chief martial law administrator. Bhutto returns from the United States after arguing Pakistan's case at the UN and meeting Nixon. US support reaffirmed. Bhutto's Pakistan Peoples party holds 82 of 138 West Pakistan seats. Mujibur Rahman’s Awami League controls 167 seats in East Pakistan.
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Nixon
United States
Congress
Agha Mohammed Yahya Khan
Zulfikar Ali Bhutto
Pakistan
Yahya Khan
India
Bhutto
United Nations
U.S
Joseph S. Farlana
Islamabad
Sheik Mujibur Rahman
Bangla Desh
Rome
Washington
Pakistan People’s Party
National Assembly
West Pakistan
Sheik Mujib
Awami League
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